Stamford's real estate is doing no better than Greenwich's

33 Farms Road, a 1737 farm house that still retains much of its original construction and appeal, and 3 acres of its original land, sold for $1.875 million in 2009, and is now under contract again, but this time it was asking $1.495 (it failed to sell at $1.989 in 2015).

Farms Road runs from upper Taconic in Greenwich to Riversville Road, and this house has always been one of its attractions as I drove between the two towns. Assuming it sells for $1,400,000, that’s roughly a 25% drop in value since 2009; that keeps up, and Jill Oberland will be looking to house her new refugee friends in North Stamford, which will come as a relief for those of us hoping to continue to use Greenwich’ sidewalks and parks.